Monday, June 11, 2007

NDS Israel has laid off an estimated 50 employees, many of them long-time supervisors at the Rupert Murdoch's R&D center in Jerusalem. Word has it that the drastic cutbacks were demanded by CEO Abe Peled, who felt that a great deal of fat could be trimmed by eliminating a sizeable chunk of the company's veteran management-level personnel.

Friday, May 4, 2007

Lev Leviav, mentioned earlier this week after his purchase of the New York Times building, just completed a $1.4 Billion dollar IPO making his company Africa-Israel the 5th largest real estate firm in Europe.

The company is now valued at $7.3 Billion dollars.

It was also the largest ever IPO by an Israeli company.

Leviev initially purchased Africa-Israel for just somewhere in the range of $250-$500 million.

Sunday, April 29, 2007

Alma Laser just won FDA approval for their laser anti-wrinkle treatment. Alma Lasers have been in a number of lawsuits and countersuits with their competitors over the last year. Some were won, and some were settled and resulted in licensing agreements.